If Bitcoin falls below $66,000, the total liquidation intensity of long positions on major CEXs will reach $538 million.

According to Mars Finance, Coinglass data indicates that if Bitcoin falls below $66,000, the cumulative long position liquidation intensity on major CEXs will reach $538 million. Conversely, if Bitcoin breaks through $70,000, the cumulative short position liquidation intensity on major CEXs will reach $449 million. Note: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart represent the importance of each liquidation cluster relative to its neighboring clusters, i.e., its strength. Therefore, the liquidation chart shows the extent to which the price of an asset will be affected when it reaches a certain level. Higher "liquidation bars" indicate that the price will react more strongly to the liquidity surge after reaching that level.